Finance program passes target of helping 100,000 women entrepreneurs

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FIRST LOOK: The Women Entrepreneurs Opportunity Facility tells Axios on International Women's Day that it has provided over $4.5 billion in loans via financial institutions to women-owned businesses. It has reached over 164,000 women entrepreneurs.

— on Wednesday will announce it has reached 164,000+ women entrepreneurs, eclipsing the target of 100,000 set at launch nine years ago.The program tells Axios on International Women's Day that it has provided over $4.5 billion in loans via financial institutions to women-owned businesses.95 financial institutions, the first-of-its-kind finance facility has made more than 172,000 loans in 55 countries, ...

"WEOF-participating financial institutions continue to report healthy growth and strong asset quality in their women-owned SME portfolios."David Solomon, Goldman Sachs chairman and CEO, says in a statement to Axios: "Through this innovative facility, we've helped tens of thousands of women business owners access capital so that they can grow their businesses, reach their potential and drive economic growth."Dr.

"My aim is that three years down the line," she says, "if someone is looking to build a hospital, they should call us."of the 10,000 Women in-person business education program, which has reached 200,000+ women in 150+ countries since launching in 2008.

 

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